Larry Kudlow's wishful thinking...

CNBC advisor, and former news hour anchor, Larry Kudlow says we're at the beginning of a huge economic boom thanks largely to the new Tax Cuts just passed.  I disagree.  Of course, he's a longtime financial journalist, and I'm a bum.  But I'm a bum who remembers the 80's, when we tried the whole "supply side economics/trickle down" thing.  Spoiler Alert:  The money you're told will trickle down will actually gush up.

We also were in a completely different world technologically and financially in the 1980's.  The recent Tax Bill, is really just a massive corporate welfare plan for the industries that don't have what it takes to compete in today's high tech world.  It's a last ditch effort to rig the game in favor of Industrial Age companies who can't hang on a level playing field.

I see the stock market going a bit higher, while most of the mid-sized cities, small towns, and rural areas, most of America, continues to struggle.  We may even see the stock market go up as most of the country slides into a recession in a few months.  Something, maybe Trump's looming impeachment and leaving office (and Pence might get the boot, too), will trigger a collapse much like 2008.  Except this time it's the $1.4 trillion in student loan debt that will turn into an anchor on global markets.

So who are you going to believe?  The Republican financial news hero, or the bum?  I'm posting this clip mostly because I know I'll be able to refer back to it in a few months when Larry is saying something quite different and the world looks even crazier than it does today.

The one point I do agree with is that the GOP will now target programs like food stamps and Social Security Disability, because killing "entitlement" programs is needed to fund their huge corporate tax cuts they just passed.  "Starve the beast," as they say.

You know what's funny, though?  Most of the disability scammers are in diehard Trump voting districts.  Buckle up.  It's going to be a bumpy (but exciting) ride this year.